Zhejiang CFMoto Power Co Ltd (603129) - Net Assets
Based on the latest financial reports, Zhejiang CFMoto Power Co Ltd (603129) has net assets worth CN¥8.24 Billion CNY (≈ $1.21 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.18 Billion ≈ $2.81 Billion USD) and total liabilities (CN¥10.94 Billion ≈ $1.60 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Zhejiang CFMoto Power Co Ltd (603129) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.24 Billion |
| % of Total Assets | 42.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | 110.27% |
| 10-Year Change | 1896.76% |
| Growth Volatility | 167.34 |
Zhejiang CFMoto Power Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Zhejiang CFMoto Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603129 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang CFMoto Power Co Ltd (2013–2025)
The table below shows the annual net assets of Zhejiang CFMoto Power Co Ltd from 2013 to 2025. For live valuation and market cap data, see market value of Zhejiang CFMoto Power Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.74 Billion ≈ $1.13 Billion |
+21.87% |
| 2024-12-31 | CN¥6.35 Billion ≈ $929.02 Million |
+22.75% |
| 2023-12-31 | CN¥5.17 Billion ≈ $756.82 Million |
+20.42% |
| 2022-12-31 | CN¥4.30 Billion ≈ $628.50 Million |
+16.72% |
| 2021-12-31 | CN¥3.68 Billion ≈ $538.44 Million |
+142.70% |
| 2020-12-31 | CN¥1.52 Billion ≈ $221.86 Million |
+41.41% |
| 2019-12-31 | CN¥1.07 Billion ≈ $156.89 Million |
+6.85% |
| 2018-12-31 | CN¥1.00 Billion ≈ $146.83 Million |
+11.50% |
| 2017-12-31 | CN¥899.95 Million ≈ $131.69 Million |
+132.25% |
| 2016-12-31 | CN¥387.49 Million ≈ $56.70 Million |
+26.20% |
| 2015-12-31 | CN¥307.04 Million ≈ $44.93 Million |
+604.67% |
| 2014-12-31 | CN¥43.57 Million ≈ $6.38 Million |
+192.60% |
| 2013-12-31 | CN¥-47.06 Million ≈ $-6.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang CFMoto Power Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 470301874698.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.56 Billion | 60.77% |
| Other Components | CN¥2.94 Billion | 39.23% |
| Total Equity | CN¥7.50 Billion | 100.00% |
Zhejiang CFMoto Power Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang CFMoto Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INPOST S.A. EO -01
F:669
|
$5.03 Billion |
|
Parkland Fuel Corporation
TO:PKI
|
$5.03 Billion |
|
United Plantations Bhd
KLSE:2089
|
$5.03 Billion |
|
Compagnie Generale des Etablissements Michelin SCA
LSE:0OFM
|
$5.04 Billion |
|
Guangzhou Haige Communications Group Incorporated Co
SHE:002465
|
$5.03 Billion |
|
Blue Owl Technology Finance Corp.
NYSE:OTF
|
$5.03 Billion |
|
Nexstar Broadcasting Group Inc
NASDAQ:NXST
|
$5.03 Billion |
|
Alior Bank S.A.
WAR:ALR
|
$5.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang CFMoto Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,194,046,198 to 7,502,093,532, a change of 1,308,047,334 (21.1%).
- Net income of 1,675,371,241 contributed positively to equity growth.
- Dividend payments of 595,985,745 reduced retained earnings.
- Other factors increased equity by 228,661,837.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.68 Billion | +22.33% |
| Dividends Paid | CN¥595.99 Million | -7.94% |
| Other Changes | CN¥228.66 Million | +3.05% |
| Total Change | CN¥- | 21.12% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang CFMoto Power Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥-0.59 | CN¥223.97 | x |
| 2014-12-31 | CN¥0.55 | CN¥223.97 | x |
| 2015-12-31 | CN¥3.68 | CN¥223.97 | x |
| 2016-12-31 | CN¥3.86 | CN¥223.97 | x |
| 2017-12-31 | CN¥8.13 | CN¥223.97 | x |
| 2018-12-31 | CN¥7.22 | CN¥223.97 | x |
| 2019-12-31 | CN¥7.76 | CN¥223.97 | x |
| 2020-12-31 | CN¥11.27 | CN¥223.97 | x |
| 2021-12-31 | CN¥26.42 | CN¥223.97 | x |
| 2022-12-31 | CN¥28.05 | CN¥223.97 | x |
| 2023-12-31 | CN¥33.46 | CN¥223.97 | x |
| 2024-12-31 | CN¥40.70 | CN¥223.97 | x |
| 2025-12-31 | CN¥49.17 | CN¥223.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang CFMoto Power Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.48%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.57x
- Recent ROE (22.33%) is below the historical average (31.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 3.91% | 1.40x | 0.00x | CN¥47.61 Million |
| 2014 | 208.61% | 6.79% | 1.22x | 25.09x | CN¥86.54 Million |
| 2015 | 19.31% | 4.95% | 1.38x | 2.84x | CN¥28.58 Million |
| 2016 | 22.78% | 6.30% | 1.39x | 2.60x | CN¥49.52 Million |
| 2017 | 10.82% | 5.36% | 1.08x | 1.87x | CN¥7.41 Million |
| 2018 | 12.47% | 4.72% | 1.22x | 2.16x | CN¥23.80 Million |
| 2019 | 17.40% | 5.58% | 1.28x | 2.44x | CN¥77.02 Million |
| 2020 | 24.40% | 8.06% | 1.08x | 2.81x | CN¥215.35 Million |
| 2021 | 11.32% | 5.23% | 0.99x | 2.19x | CN¥47.88 Million |
| 2022 | 16.65% | 6.16% | 1.19x | 2.27x | CN¥280.17 Million |
| 2023 | 20.00% | 8.32% | 1.17x | 2.05x | CN¥503.64 Million |
| 2024 | 23.76% | 9.79% | 1.01x | 2.41x | CN¥852.36 Million |
| 2025 | 22.33% | 8.48% | 1.02x | 2.57x | CN¥925.16 Million |
Industry Comparison
This section compares Zhejiang CFMoto Power Co Ltd's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $415,878,578
- Average return on equity (ROE) among peers: 30.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang CFMoto Power Co Ltd (603129) | CN¥8.24 Billion | 0.00% | 1.33x | $5.03 Billion |
| Jiangsu Xinri E-Vehicle Co Ltd (603787) | $415.88 Million | 30.49% | 1.66x | $323.64 Million |
About Zhejiang CFMoto Power Co Ltd
Zhejiang Cfmoto Power Co.,Ltd, together with its subsidiaries, engages in the development, manufacture, marketing, and delivery of motorcycles, off-road vehicles, engines, frames, parts, apparel, and accessories in China, rest of Asia, North America, Oceania, Africa, South America, and Europe. It also provides lifestyle and gift products, and gear. In addition, the company engages in commerce, in… Read more